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This is most definitely not what a Central Bank should be doing. The ECB is acting literally as an enemy of the people. Of all countries. The road of excess leads to the palace of wisdom - William Blake
Look, I am hardly a expert on Irish politics. But as far as I know every Irish government and party since twenty years has happily pursued a neoliberal agenda: Fianna Fail and the Greens, Fianna Fail and the Progressive Democrats, Fine Gael and Labour, Fianna Fail and Labour.
And now you want blame "Europe"? Mighty convenient.
If one thinks that ECB/IMF austerity should be rejected on principle in this case, then I don't see how else Ireland can help this cause other than by doing something like what Jake is saying. The road of excess leads to the palace of wisdom - William Blake
It's not so much about "Europe", but about European elements in international banking sector joining in with the collective financial nervous breakdown, and demanding that Europe's real economies should pay to clean up the vomit and replace the carpets and the furniture.
The only possible mature and democratic response to this is "no."
Why, Merkel's so-called "competitiveness pact". Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
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